National City Media Finance recently financed an NSCA member’s $2 million A/V systems integration project for a 4,000-member church in southern California. The equipment and installation were both financed over a nine-month period. Upon project completion, National City rolled the "bridge financing" into a three-year, fixed-rate note. National City’s terms were more competitive than the member’s bank credit line, which required compensating balances, restrictive covenants and annual fees. Because National City Media Finance focuses on financing technology projects sold by NSCA members, it provided the member and his client with a better solution than the local competition could provide. National City also assisted the church in identifying an operating budget solution to a capital budget problem.
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The NSCA-endorsed customer financing program through National City Media Finance allows you to offer customers monthly payment options on systems integration projects, equipment, systems and technology. The special financing for customers of NSCA members includes rates at or below the current "Prime Rate,” the interest rate that commercial banks charge their most credit-worthy customers.
Let National City Media Finance assist you in your efforts to help your customers find solutions to their operating budget issues. For example, National City Media Finance:
- Finances virtually every type of company — commercial, industrial, non-profit and municipal, as well as houses of worship.
- Funds deposits and "progress payments" and reimburses customers who fund those to you.
- Provides interim financing during the "build out" or project installation cycle.
- Finances average transactions between $50,000 and $500,000. However, the company can finance any project from $10,000 to $1 million. It has directly funded projects as large as $10 million.
- Funded more than 11,000 customers for $3.4 billion in equipment financing in 2006.
- Is a division of National City Bank.
For more information on National City Media Finance, please contact Russell Munson, Vice President, at 800.607.9830 or mailto:russ.munson@nc-4.com.